Frequently Asked Questions

COE Renewal Loan FAQs

What is the maximum loan amount?

100% of COE amount plus $5000.

For example, if the COE amount is $35,000, the maximum loan amount is $40,000 ($35,000 + $5,000).

Can the tenure of the loan be shorter?

Yes. You can choose the tenure — from 1 to 7 years.

How to go about renewing the COE?

Simply contact us at 81016693. Once your loan is approved, we will take care of all the paperwork for you!

How long does it take for you to renew my COE?

1-2 days after your loan approval.

What documents are needed to apply for a loan?

Just the following:

  • vehicle log card (you can get yours from
  • photocopy of your NRIC/passport
  • latest documents of your income, which can be one of the following:
    • payslips from the last 3 months, or
    • last IRAS Notice of Assessment (NOA), or
    • CPF statements from the last 12 months
What's the difference between a 5-year and a 10-year COE renewal?

A 5-year COE renewal can only be done once i.e. you can use your car for at most 5 more years.

A 10-year COE renewal can be renewed again i.e. you can keep renewing the COE for your car after the 10 years are up.

What is the latest time by which I need to submit my application?

At least 2 weeks before your COE validity is up. This will give us ample time to evaluate and renew your COE.

WhatsApp us for an immediate response :)